Human Resources Recruitment/Development/Retention: Presentation

Human Resources Recruitment/Development/Retention: Presentation
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Human Resources Recruitment/Development/Retention: Presentation
With a large size of staff and scattered job assignments, internal management of staff is the key issue with our Sponsor Organization, HEA Garden HK Restaurant. Employees feel that the management is chaotic and workers are not united as a team. The company lacks a detailed reward requirement for the whole restaurant leading to no motivation among workers. This leads to high management cost that accounts for almost half of the investment of the company. We propose to help the company improve the efficiency of international personnel management to reduce costs through an effective reward system that will encourage both individuals and teams at HEA Garden HK Restaurant.
Approaches such as building rewards to motivate employees and build a certain corporate culture are informed by the theory of Hybrid Reward Structures. Since the restaurant is divided into Chinese and Western food departments, we treat the employees separately as two teams and leaderships and apply the theory to solve the management problem at the company.
Industry and academic literature show that companies with a strong reward system achieve better financial results than those with weaker reward systems, highlighting the need for a well-crafted reward system. A reward structure strongly relies on the level of team task interdependence in an organization. One type of reward approach may be beneficial for motivating teams while another for individuals. That is why a hybrid reward structure can be suitable since it combines the aspects of both individual and shared reward systems (van Eerde, 2015). This approach will attract and retain talent in the company since workers ...